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Exum Instruments is a Lakewood, Colorado-based hardware and software company that develops analytical instruments to accelerate materials discovery and characterization. The company's flagship product, the Massbox, is a specialized mass spectrometer designed to provide rapid, precise, and cost-effective analysis of solid samples across the aerospace, battery technology, and manufacturing sectors. Exum Instruments delivered its first commercial Massbox unit to Elementum 3D in 2022 to support advanced manufacturing processes and national security applications. The enterprise has secured multiple rounds of venture capital financing to scale its commercial operations, highlighted by a $6.3 million Series A funding round completed in April 2024. This recent capital injection was supported by a syndicate of institutional investors that notably includes Cortado Ventures, Alchemy Capital, and Advantage Capital. Exum Instruments was founded in 2017 by Jeff Williams, Stephen Strickland, and Matthew McGoogan.
Exum Instruments has raised $7.8M across 2 funding rounds.
Exum Instruments has raised $7.8M in total across 2 funding rounds.
Exum Instruments has raised $7.8M across 2 funding rounds. Most recently, it raised $6.0M Series A in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 23, 2023 | $6M Series A | — | Advantage Capital, Alchemy Capital, James Spann, Cortado Ventures, Fortysix Venture Capital | Announced |
| Apr 27, 2022 | $1.8M Venture Round | — | Alchemy Capital, Amerocap, Cortado Ventures, Fortysix Venture Capital, Oasis Capital | Announced |
Exum Instruments has raised $7.8M in total across 2 funding rounds.
Exum Instruments's investors include Advantage Capital, Alchemy Capital, James Spann, Cortado Ventures, FortySix Venture Capital, Amerocap, Oasis Capital.
